Keefe, Bruyette & Woods reiterated its Columbia Banking System COLB Outperform rating in a research report published today.
In the report, Keefe, Bruyette & Woods states, "COLB posted stronger than expected
operating EPS due to a lower provision. Criticized/classified assets are down
30% from the peak with 87% of the improvement coming in 4Q10 alone. Market
share gains are evident from an accelerated increase in C&I & noninterest
bearing deposits."
Shares of Columbia Banking System were at $19.91 at the time of posting in after hours trading, reflecting no change from Friday's market close.
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